A finished study on a fictitious company, published so you can read one before uploading anything.
Avalon Telematics Ltd
No ratingHigh
FY2024, FY2025
Acquired goodwill carried in the wrong currency since 2022, prior periods restated
The group identified an error under which goodwill and other acquired intangibles from the acquisition had been recorded in the parent's currency rather than each unit's functional currency, and restated every affected prior-period line item.
“During the year the group identified an error under which goodwill and other acquired intangible assets arising on the acquisition of the North America business had been recorded in the parent's currency rather than in the functional currency of each unit, in the financial statements since 2022.”
Indicators: Change in Goodwill
Restatement comparisonRestatementconfidence high
Showing 1 of 12 · a finding rests on figures this study published, a quoted passage, or bothTypologies: Cost capitalisation policy · Provision or reserve judgement · Cash flow classification · Company-defined measure · Going-concern statement · Governance · Restatement